BPCE stands out with green senior trade in slower market
BPCE appealed to a wide range of investors by adding a green element to its preferred senior bond on Tuesday. The trade was met with hefty orders, even though investors are showing signs of winding down for the year.
BPCE opened books on its five year preferred senior green bond on Tuesday. Natixis, acting as sole bookrunner, started the trade with price thoughts of 55/60bp over mid-swaps.
When demand had reached €2.1bn from over 95 investors, lead managers set guidance at 42bp over plus or minus 2bp....
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